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, debt ceiling. on the other hand, despite all of that liquidity, we have mediocre employment growth, manufacturing data, while it has improved is still around that recessionary line of 50 and to your point around m2 that's very interesting and yet we're still at record low velocity of money. that's very scary. all this money pumped into the system is sitting on the balance sheets of banks, corporations. >> nominal gdp is starting to rise. >> slowly. >> what about the information revolution? now, you made an important point. so far why should raise taxes on investors, terrible idea. i'm hoping do no harm, maybe some small spending cuts so that's not going to be a factor. i don't see a debt default. i think that's off the table. what blt american energy revolution, what about the growth, what about the cheap natural gas and what about how that makes america so competitive? i'm only talking 2.5% growth, not 3%, 4, 5% growth. >> the fertilizer trusts are on fires. ammonia is going to be cheap, that's terrific. but here's a factoid for you. kmn's exports to asia are up 20% year on year.
on capitol hill from secretary of state hillary clinton today. and remember the debt ceiling thing that everybody has been fighting about for months. that finally happened today. the stealth story that we have been covering about republicans in the states changing the rules for presidential elections to make it harder for democratic candidates to win, that story moved forward today in a big way, and is getting increasing national attention. there is a lot going on. this was a big news day. we're going to be getting to all of that. but none of those stories were the biggest, most surprising thing that happened on this big, surprising day of news. that story is our lead story tonight, and it starts here. this is a medal of honor ceremony. the highest award our country gives for valor. president clinton here bestowing the medal of honor on vernon baker, whose medal of honor citation explains his acts of extraordinary heroism and daring leadership in an attack on a fortified gothic italian castle in world war ii. by the end of the war, that was considered to be one of the last lines of
president obama before they raise the debt ceiling. the g.o.p. is calling to balance the federal budget in just ten years. that's almost twice as fast as previous efforts by republicans. if that is the case, medicare and other safety net programs wills take a huge hit. yesterday's extension of the debt ceiling now goes to the senate which will likely pass it as well. we'll be right back. (vo) current's award winning original series is back with an all new episode straight from the headlines. (vo) in the minefield of the nation's gun control debate, this could be the most polarizing issue. >> anybody can claim stand your ground and they could get away with murder. >> announcer: broadcasting across the nation on your radio and current tv, this is the "bill press show." >> bill: yes indeed. equality moves to the front lines as the pentagon today lifts the ban on women in combat. big move. a great move. hello, everybody. happy, happy thursday and welcome, welcome to the "full court press." coming to you live all the way across this great land of ours. god bless america. we're booming out to
of representatives faces a vote to increase america's debt ceiling. pending legislation raises the debt ceiling by roughly $300 billion to $400 billion. what protection does america get in return? are there any spending cuts? no. are there policies that spur economic growth in resulting revenue increases? no. does this proposal help fix in any way the trillion dollar deficits that threaten america with financial ruin? no. mr. speaker, i can only speak for me. i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem of deficits and accumulated debt that force debt ceiling votes and risk america's future. i will not vote to raise the debt ceiling unless first congress passes a substantive balanced budget constitutional amendment that solves the debt problem for future generations or, second, we implement sizable spanneding cuts that help get our financial affairs in order. i take this stance full well knowing the adverse economic effects of a failure to raise the debt ceiling, but also knowing, mr. speaker, that those affects pale in comparison t
we're going to do, we're going to pass a three or four-month extension of the debt ceiling. then we're going to get into a fight on the sequester and hold the line of the sequester. this is a promise the leadership is making to us. as long as they keep that promise i think many conservatives will be ok with that. then when we get to the debt ceiling fight we're going to ask for at a minimum the one--- the one-for-one cuts that come from the boehner rule for any long-term debt ceiling extension system of if we look at that, it means that in 10 to 15 years, with very little help from the democrats, we can achieve a balanced budget which is much better than even the 23- to 27 -- better than the 23 years to 27 years and obviously better than the never balancing budget obama and the democrats have proposed for the last four years. so you look at all the data out there. all the public opinion polls say that the american people think we're spending too much money. that the american people think that we are taxing too much. but the problem is that as republicans, i think this goes to what r
and last november. we've been through a fiscal cliff debate. we are working our way through a debt ceiling debate. i think in a responsible manner. with an eye towards trying to fix some problems. >> when you look at the options out there. president obama budget proposal and paul ryan's offer, they both don't do what guys like you say need to be done. balancing the budget for a long time. now you guys have a proposal or coming with a proposal that says you'll balance the budget in ten years. i ask paul ryan this, i can't get an answer. how? it's going to hurt. >> new baselines now in the budget. i mean, obviously, as we know, some of the difficulty and the differences in washington are centered around the method of accounting. whether it's static or dynamic. because it's static, when you raise taxes, that $650 billion of additional taxes that went in because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? we'll have to make some choices. there's no question about it. >> right. >> but we have committed to putting a budget out
that threatens your economic future. congress voted to suspend the debt ceiling for three months and figure out deeper cuts to reduce the deficit. that keeps me employed for a few more months. but even before that deadline hits, again, march 1st will be on us. the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation. the automatic across the board spending cuts. and then there's another date to worry about, april 15th. not just tax filing day, but the date by which congress has promised to adopt a budget resolution. they've even this time staked their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to present a budget that takes on our ballooning deficit. but the battle over that deficit make that recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts. health care, medicare, social security. president obama emboldened by his re-election has already drawn
and the debt ceiling or passing the american's jobs act to get americans back to work, that requires we the people and why the speech was so powerful on monday. it's not about me the government. he's not talking about the government, he's talking about citizens coming together and putting pressure on elected officials to do what's right to help our fellow citizens and i think that that is the unifying message that we all need to take away from monday. it wasn't necessarily a partisan speech, it was a progressive speech, that's true. >> a very liberal speech. >> he was a very american unifying message. >> kelly: angela. the final word. >> in his speech, the government is for the people, by the people. so she's right. we have the responsibility to state our grievances and we need call on members of congress and they're not doing what they're supposed to do, vote him out. >> kelly: and we thank you ladies for joining us and sharing your insights and perspective where things stand with the president being the unifier in chief or the divider in chief, but we, the people, should step up and t
's debt ceiling through may 19. that vote is set for tomorrow. congressman paul ryan, last year's republican vice presidential nominee, said today republicans want to shift the focus to enacting a budget, with major spending cuts. the senate is going on four years now for not having passed a budget. we think this gives us the time we need in this nation to have a good, thorough vigorous and honest debate about what it takes to get our fiscal house in order and about how to budget. families budget. businesses budget. our federal government should budget. >> ifill: the bill also says if lawmakers don't enact a budget with spending cuts, they won't be paid. in the senate, democratic majority leader harry reid declined to comment on that provision, but he did say that, in general, he welcomes the house move. >> i'm very glad that they sent us up a clean... they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term ex
republicans stepping back from the brink on the debt ceiling. but the big political story of the week got very little attention until tonight. >> we're going to show the country here is an alternative path to the one that the president has us on. >> the republican party's big plan for renewal. >> we're committed to producing a budget, a plan that will balance the budget in the next ten years. >> balance the budget in ten years, ten years, that will be hard sledding. paul ryan's didn't balance until 2040. >> we get closer to the sequester. >> the sequester. >> the sequester is coming? these automatic spending cuts. >> it is painful and hard to sell. >> the sequester is coming, we don't think we should ignore this. >> what do you think the party must do better. >> we have to stop being the stupid party. >> stupid is as stupid does. >> change the electoral college. >> the new plan for electoral votes. >> those who don't learn from history are doomed to repeat it. >> we must compete in every state. >> this republican plan would divide them up by congressional districts. >> that is how we'll achiev
to extent the debt ceiling until may. still needs agreement to avoid across the board spending cuts. >> peter marisi says bun thing holding tobacco guard growth is nature of investment. relatively few people flipping stocks in a way that doesn't send capital where it needs to go to grow the economy. >> bret: wendell goler, thank you. several democratic politicians trying to put a squeeze on gun manufacturerrers. correspondent shannon bream tells us this time gun control advocates are trying to pull a trigger on a different approach. >> as the police chief and sheriffs from around the country gathered at the white house to meet with president obama and discuss gun violence he put the onus on capitol hill. >> as we indicateed before, the only way we will be able to do everything that needs to be done is with the cooperation of congress. >> growing independent case it won't be easy sledding on the hill, number of obama allies across the country rolling out plans to go after the gun manufacturers and the financial backers. officials in california, illinois, new york, and pennsylvania pu
's going through? punting the debt ceiling. a vote is going to go through today. >> punting it down three more months. >> hal: a three-month wait to deal with -- >> because why get done today what you can put off? >> hal: because people are still glowing in the aftermath of the inauguration. people are still recognizing the president -- their message that the president isn't interested in deficits and handling it because he did mention it in his inauguration. he did mention doing in a balanced approach and the american people agree with him on that part. so if they have to act on it in the next week, people are still that much engaged. they're hoping in three months the american public will disengage enough for them to create another false narrative. >> so when we talk about rating the debt ceiling. we've already racked up the bills and we have to pay them. that's an obvious -- that's the fact. >> hal: right. >> they like to combine the two right and make it about future spending and paying off the bills. the president says it over and over and over again but it doesn't stick. don't under
to pass the bill, to see if their members, who have pledged not to raise the debt ceiling, who said they wouldn't do it unless there were deep cuts for every dollar, for every dollar that the debt ceiling was raised, a dollar in cuts. >> sure. >> let's see what they do tomorrow. >> congresswoman jan schakowsky, thanks for joining us tonight. appreciate it so much there a lot more coming up in the next half hour of "the ed show." stay with us. >> this is our generation's rendezvous with destiny. >> republicans can't win elections with their policies. so rights in the gang are hard at work rigging the electoral college system. the latest stunner from virginia is next. >> he's had it with taxes. he says he's going to take drastic action. he says he's had enough. >> legendary golfer phil mickelson is complaining about his new tax rates. we'll tell you why he should stick to golf. >>> and the pbs series "frontline" is out with a new documentary about a lack of accountability on wall street. >> in the due diligence world, fraud was the f word. you can't use that word. >> correspondent mar
saying we'll have bitter fights perhaps debt ceiling shutting down the government, perhaps begun control. they will be tough fights and the american people need to be ready for that. >> john: george, it seemed--what are your thoughts on that before i move on. do you think that was a pretty direct calling out of mitch mcconnell and the republicans? >> yes, look over the next few months we'll we you'll have a big fight over the sequester the funding of the government and the debt ceiling. i think he's trying to pull out the weeds of that because none of it is the soaring lofty rhetoric. i think he's trying to push past that mess to what he would care to do. >> john: alex, after seeing how large a role the hispanic vote played in the 2012 election and how poorly mitt romney played to that demographic. let's not forget his univision appearance what i call gringo star. >> they may need to work out what the messaging is going to be on this site. if they don't you can bet the democrats will use it in the the 2014 midterm. you remember in 2010 when democrats could not get the minority voters out
the congress you are going to see on debt ceiling. the republicans in the house are talking about a short-term view of that. it certainly would avoid disaster coming up for the end of march. you will still have the issue of raising it for the long term. on the republican side there is no real appetite to do that without the reforms. same for gun-control. a lot of the agenda items that the president announced last week, the 23 executive actions you will see taken piece by piece. the easiest one to accomplish will be those that come forward the fastest, and the same for immigration reform. there is a lot that could be done and a comprehensive approach, but i think you will see that come down to the very bare minimum that both sides are able to agree on. >> let me follow up with a vote that will happen on wednesday. that will give another three months and the extension of the debt limit. weird is that position? why delay that for three months? where does that put them in march and april? >> this is an acknowledgement that they have lost the debt ceiling essentially as a leveraged tool they h
to the caucus, we can't win this fight publicly. let the debt ceiling go because we're going to be blamed for the economic fallout. let's push that down the road kick the can down the road, as they say, and try to get some budget out of the senate and try to get some real spending cuts in the next three months. so paul ryan and others within the caucus are seeing a longer game here than is this freshman senator from texas. >> but if you ask paul ryan what he wants to do on gun control, he would say, i don't want to do anything on gun control. you've talked to moderate republicans -- >> what about registration? >> the only thing they might do is something on registration. >> background checks. >> that's it. no idea that you're banning weapons. no chance. >> registration is the worst. >> put it on tape. 5 0% chance it passes. >> good because hunters need 30 bullets. >> if you've seen a single republican say they support that -- >> a democratic lobbyist last night working on this very issue, he said we don't have the votes. that's now, and that is before the president goes
of the filibuster reform. >> debt ceiling. >> the debt ceiling stuff. it seems like this is a city that he gets -- he is more of an insider in washington than he was four years ago. i will say about the denis mcdonough appointment, it's good to finally see a white guy get a top job. it's really -- they've been shut out. >> they gave him a chance. >> thanks god. >> there's a reason why this was held up. the president jokes about saying it's the best kept secret in washington. we've all known. we've all reported in various ways that he is the choice. what did they do yesterday? they appointed a female to be lady of the s.e.c. it mattered. the scheduling worked to stack this one today zoosh the optics on it. >> i actually had thought he was already named chief of staff. that's how bad the secret was. we have to take a break, but when we come back, senators and frenemies. they strike a deal for the much maligned filibuster. is it still business as usual in the upper chamber? we'll discuss next. with the spark cash card from capital one, olaf gets great rewards for his small business! pizza! [ garth
, that starts march 1st. debt ceiling suspension expiring on may 19th. you think the president's policy goals will get bogged down because of these upcoming deadlines? >> that's an interesting question. we are trying to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration indeed happen if it does happen, does it happen assith currently written, do we make changes or the white house come up with a way to stave it off and get republicans and democrats to agree? a big push under way to get started on gun control, immigration, hearings next week to start the gun control debate. efforts under way by the end of next week, we might have a bipartisan framework for immigration reform proposals that would bring democrats and republicans together in the senate and get the balling rolling on something besides fiscal policy. a lot of people on washington would love t
resolution that is done in the government. we have the debt ceiling. these three major things are going to consume congress because republicans and democrats don't agree how to resolve those. he will become tied up dealing with this and it has to be done. we have to deal with these things. immigration and gun-control, these are things, like a marriage, almost wish list items. i know immigration is a big item appeared that will also be hard to move something that is progressive or liberal with a divided congress, as is gun- control. we all know and assault weapons ban cannot get through the house. it's not going to get through. it is possible they will get background checks. maybe it very scaled-back versions of what the president was talking about yesterday. but in a full-scale, you will not able to get assault weapons ban through. he will not able to get immigration through in the way progressives would like. so that probably will not happen. but the spending will have to be dealt with. sources will be made, in that sense. host: we're talking about president obama's second term. we wan
the debt ceiling until may. law americas won't get paid if they fail to pass a budget. >> american families have to do a budget. they understand you can't continue to spend money you don't have. we are committed to doing a budget on the house side that will balance over the neck ten years as time for the senate and president to show the american people how they are willing to balance a budget ore the next ten years. >> the democratic controlled senate is expect to do approve the debt bill. it has not pass add budget in four years. >> phil mickelson wasn't talking about his guolf game. he was teeing off over another apology about his tax comments. >> i have made some dumb, dumb mistakes and obviously talking about this stuff is one of them. my apology is for talking about it publicly. i shouldn't take advantage of the forum that i have as a professional golfer to try to ignite change. >> mickelson hinted earlier this week he may leave california or the united states because of how much he's paying in taxes. california has a new tax rate of 13.3 percent. that is your 5@5:00. >> tiger woods mo
on some loan as early as next month if the debt ceiling isn't lifted. the white house supports the measure. opponents say it just prolong uncertainty about the economy's health. >>> and the senate may decide today on a deal to curb the number of filibusters. aides say lawmakers are kploes to a compromise to limit the delays which minority partying use to kill legislation. democrats complain that republicans overuse filibusters to block their legislation. republicans say the tactic is the only leverage they have to get roll call votes on amendments that would otherwise be shots down by democrats. >>> 4:08 the time. 23 degrees. coming up on "news4 today," how vice president joe biden is using the web site google today to make a push for tighter gun control. >>> the legal trouble mounting for lance armstrong since he confessed to using performance enhancing drugs. >>> we're tracking winter weather this morning. we'll have snow across the region. tom kierein is back with your weather and traffic. >>> somebody forgot to shut off the water. check out this fountain in bryant park in new york city
party is in trouble. republicans were forced to back down on the debt ceiling. president obama layout a liberal agenda for his seconterm. the gop is out of favor with the young, minorities, and women, and not just at the ballot box. 49% of the nation now sees the republican party negatively. only 26% see it positively, democrats doing far better with a net positive. >> republicans talk policy and the democrats talk people. >> we have got to stop being the stupid party. >> the louisiana gov. bobby children -- bobby gentle -- bobby jindal. >> it is no secret that we have republicans damaged the party with offensive and bizarre comments. we have had enough of that. >> virginia legislature wanted to change the electoral maps. >> says forget that keeping the gop will recover. >> we have a lot of work to do. we have cleaning up to do. we have making up to do. we have stretching out to do to bring people in. >> today could be a start. >> unlikely plan will be to emphasize attacks -- a likely plan will be to emphasize the tax plan. wbal tv-11 news. >> thousands of anti-abortion activists marc
's why i think you saw them retreat from the plan to push this debt ceiling issue immediately upon returning to work. so i think that there's a prospect for getting some things done. certainly on issues like immigration reform. there's a powerful impetus for there to be progress. i think we can make some. >> david, thank you very much. you're going to be leaving the president's side and starting an institute of politics at the university of chicago and we wish you all the luck in the world. >> you guys, i need you out there. >> nancy cordis is there as a number of the dignitaries begin to take their seats. what are you seeing? >> scott, there are 1,600 seats that have been set up on the west front terrace of the capitol. people who will be surrounding the president as he takes the oath of office. we are still awaiting the announcement of the dignitaries who will come out in groups. first, the nation's diplomatic core, the governor, then the cabinet, the joint chief of staff, and supreme court. and two former presidents, bill clinton and president carter who will both be in attendan
dealing with fiscal cliff and debt ceiling and sequestration -- the average family in this country lives with debt. quite a bit of that. they do not look at that as a bad thing. it is what enables them to own a home. to send a kid to college. to buy a car. to start a business. to have a credit card that lets them go out to dinner once or twice a month. go on a family vacation. i do not think that makes them take. it makes them live their lives responsibly. they have jobs. to say, that is a four letter word. you can't turn that into chileans. his whole thing about job creators, that is fine. republicans on that space now. later contentment cannot most americans right now are neither job creators nor jobs acres -- job seekers. the vast majority of households in this country are jobholders. not job creators. what was the message exactly? i do not know, and i paid attention. i look silly what the message should be to them. -- i know what the message should be to them. my household has two or three jobs, we are not worried about losing our jobs. the jobs bill longer enough. when you are a kid
approved the debt ceiling deadline without a fight but did so without making usual demands for spending cuts. before you get too comfortable with that, think again. that debt limit increase is only a temporary three-month stopgap measure to give them more time for a budget resolution in the senate and a bigger budget battle ahead which brings me to the ducks. one lame duck to be precise. ever seen a lame duck? they can't fly far. they are lucky if they get off the ground. last week, president obama laid out his fight plan for the heights of to which he hopes to soar in his second term. his agenda may never find its wings if it is stymied in the tangle of capitol hill gridlock. a seemingly endless series of cliffs, ceilings sequesters and showdowns. the upcoming budget fight is only the first of many. remember the fiscal cliff? well, it never really went away. it was postponed for a couple months. we have the threat of automatic spending cuts looming over our heads march 1s. government shutdown on the 27th. we'll need a new spending bill to keep it going. mark your calendars march 19th w
borrowing limit as soon as mid-february. so president obama will request congress to raise the debt ceiling once again. this is the fifth time the president has -- president obama has requested the debt limit be raised to allow the federal government to borrow and spend more money. but what is the point of even having a debt limit if congress simply extends the treasury's borrowing capacity each time the limit is reached? while some may say that it's irresponsible not to raise the debt limit, our nation finds itself at a point of such indebtedness that it is equally as irresponsible to extend the debt ceiling without significant reductions in federal spending. i voted against an increase to the debt limit two years ago and intend to vote against another increase unless we substantially change the way that government does business by reducing federal spending. in addition to it being alleged that it's irresponsible not to raise the debt ceiling, sometimes it's suggested that it's not compassionate to not spend money. where is the compassion in spending money that we don't have that's being b
the debt ceiling to another we three months tied to pay. what is the strategy? >> i don't think the g.o.p. have one. i saw a high ranking aide to the house leadership this weekend and he told me that --. >> hobnobbing with powerful people. >> they said they turned the corner and this was a shrewd move. i see it as you, a real problem that indicates that at best the republicans have tactical responses. bottom line, the spot getting his way. >> shell shocked from the election or leaderless or both or what? >> all of it. they did not think they would lose as badly as they did right up to election night. they have never gotten a handle on why, and we have a faction of hard right tea party people in the republican caucus in the house that will not let the moderate members, even really talk to obama, talking or compromise is out. >> was there an agenda missing? >> growing the economy. >> they are the most strategic group of people. though can not figure out what they believe in and how to fight obama. >> are they on the wrong side of social issues? >> shear what they should do. they could b
're going to do this at point a, point b, laterfore point c and the same thing with the debt ceiling. everything we do is temporary and this is especially with the gridlock between the republicans with a majority in the house and democrats in the senate. this doesn't, you know, excuse the president from sitting down and talking about the issues, but i don't feel that he's said, okay, these issues don't matter and i don't think they've been on the back burner, i think everyone is very clear with where the president stands as to what his ideas and the democratic philosophy is with regard to job creation, and what we need to do with the economy. the republicans are clear. congress needs to sit down and work this out. the president's not their baby sitter, not running a day care center and the american people need to make our congressional electorates and our senators that are elected, we need to make it known what we want. those are our priorities and by the way, heidi, yesterday, california lowest foreclosure rate in the month of january in years. and that's a step in the right directi
Search Results 0 to 49 of about 100 (some duplicates have been removed)